Keppel Corporation's net profit plunges 41% to $211m in Q1

O&M remained a weak spot.

Keppel Corporations's net profit was almost halved in the first three months of the year, as offshore and marine woes continued to weigh on the group's fortunes.

The group reported that its property segment contributed 47% of profits, which helped to partially offset lower profits from its O&M segmebt,

Keppel's economic value added decreased to $2 million from $122 million in the similar period last year. Keppel also reported a cash outflow of $306 million.

Amidst the headwinds, we are keeping a watchful eye on our gearing and cash flows, exercising financial discipline to maintain an institutional quality balance sheet.

"Creating high quality assets and then stabilising and monetising them to generate strong cash flow and recurring income are integral to Keppel's multi-business model. In particular, we want to work the assets in our asset-heavy businesses much harder, and recycle them at the right time to earn the best risk-adjusted returns," Keppel said in its earnings release.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia